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You will still be much lower than  new build.And faster too, and as we all know  - 'time is money'....

In all honesty, I find it quite nerve-wracking to take this first step alone and all really I’m looking for is reassurance that my actions are correct.A little about me: I’m a medical scientist ready to pivot into real estate.

Tenant keeps a bank account and credit card on file with Obligo, and they authorize Obligo to withdraw money up to a certain dollar amount.

If the surrounding area has a lot of tear down and rebuild or there’s no inexpensive way to renovate to make it more functional, likely not worth sinking much more money into it if most future buyers will just prefer to tear it down.

You have promised the lender that the money is secured by real estate.

If I'm using Google AI, result is not that good: A capital call, also known as a draw down, is when a real estate investment fund or partnership asks investors for more money to cover expenses.

If you rent by the room, you should be able to save money for the next place or sell it.  

That is a lot of money to only make 200-300 dollars a month.  

@Scott Trench Thank you for your insights, this will help me adjust and take action.